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The Community Foundation of Singapore: Philanthropy, legacy giving; doing good and how to get involved
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The Community Foundation of Singapore: Philanthropy, legacy giving; doing good and how to get involved

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John Doe
An older couple smiling while posing for a photo, holding a flower in their hands, radiating love and happiness.

Through legacy giving, making a profound lasting change to people’s lives might be easier than you think

Dr Lim Boon Tiong had a long and distinguished career as a doctor, and it shaped his interest in helping the elderly and those suffering from urological conditions. So devoted was he to his causes that he set aside S$24m along with a list of charities he wanted to help. And when Dr Lim passed on, his daughters Sylvia and Ivy Lim had to execute his will.

“Initially, we had many questions when we saw our father’s will. The Community Foundation of Singapore (CFS) has put everything into a nutshell for us, so we are well-informed to make the right decisions,” said Ivy.

In 2018, the sisters set up the Dr Lim Boon Tiong Foundation, a donor-advised fund with CFS. It supports projects such as the Dr Joseph Lim Boon Tiong Urology Cancer Research Initiative at the National University of Singapore (NUH), which funds experimental research to help improve patient healthcare standards and treatment in urological cancer. Other beneficiaries of the initiative include Catholic Welfare Services (CWS), which runs three nursing homes, and Assisi Hospice, which provides inpatient and palliative care.

The gift to set up the donor advised fund is an example of legacy giving, a concept that is slowly gaining traction around the world. In 2018, charities in the United States received almost US$40 billion (S$54.7 billion) in legacy gifts. Likewise, in Singapore, CFS has managed S$67 million worth of legacy gifts to date. Planned giving is not limited to a simple donation of cash. It is a process where donors can make a more informed choice with their contributions, which can take many shapes or forms, including insurance payouts, CPF monies, marketable securities or real estate. One does not have to be a billionaire to make a lasting difference to the causes you hold dear to your heart.

As we grow more astute financially, we become more attuned to the importance of estate planning. The Wills Registry in Singapore registered 3,911 wills last year compared to 3,535 five years ago. Or perhaps, the prospect of an uncertain future and its consequences heightens our collective awareness of this need: earlier in the year before COVID-19 forced the country into shutdown, there was a marked increase in wills registered.

As part of a drive to raise awareness for legacy giving, CFS actively reaches out to professional advisors in the hope that they can appreciate the value of planned gifts and relay this passion to their clients. Advisors will also be better equipped to help clients who are already looking to give – options can be in the form of a donor-advised fund or a direct donation to support the needs of the community. Your advisors’ services will be critical, especially for pledges of complex assets.

To make the process more meaningful, it is good practice to speak directly with charities about the ways legacy gifts can support their work. Likewise, CFS is not the only option you have when considering which approach to take, and you should do your due diligence to find out what works best for you.

But if you decide to work with CFS, you are good hands indeed: founded in 2008 to encourage and enable philanthropy in Singapore and has to date, CFS has raised over S$185 million in donations. It currently manages over 150 charitable funds and works with more than 400 charity partners. CFS does not lean towards a particular cause, so they enable grantmaking across a wide range of organisations from those helping children, seniors or marginalised individuals to education, arts and even animal welfare.

As they are always working to identify gaps and opportunities within the community, the organisation is well-placed to help donors find suitable matches for their interests and maximise the use of their donations. CFS looks to do more with your giving; fostering a culture of effective giving and raising effectiveness through rigorous evaluation of the programmes. Planning your legacy gift now also ensures that your causes can receive donations in whatever manner you see fit, be it in the form of a perpetual endowment, or expendable gifts (i.e. a donated sum that can be spent down). Both are equally valuable.

If this is something that resonates strongly with you, perhaps now is the time to take the first step. Make a legacy gift for the greater good, and see how you can change lives with an act of kindness.

Source: Robb Report Singapore

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The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly established by the Community Foundation of Singapore and the Agency for Integrated Care, with the aim of addressing social isolation among the elderly.

Senior Minister of State, Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How attended the event. He encouraged the elderly to stay physically and mentally well, as well as urging them to participate in community activities and enjoy their golden years together.

Learn more about FUN! Fund at https://www.cf.org.sg/fun-fund/.

 

The programme provides the children with a non-threatening platform to connect with peers and have positive conversations. In addition, it exposes them to different people who can assist to broaden their perspectives.

L.S., a volunteer with the Reading Odyssey programme @ Spooner Road

中心“常胜将军”胡锦盛:比赛限时反应要快

现年92岁的胡锦盛是最年长的参赛者。自2017年退休后,他几乎每天都到活跃乐龄中心报到,从此爱上了玩拉密,每次可玩上三个小时,在中心是“常胜将军”。

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News

The Straits Times – Fund marks 20 years of marriage for couple

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John Doe
Ms Trina Liang-Lin on a couch posing for a photo

About six months before Ms Trina Liang-Lin’s 20th wedding anniversary on June 2016, she mulled over how to make the occasion meaningful.

“My husband and I did not want just another party,” said Ms Liang-Lin, 47, managing director of investment research consulting firm Templebridge Investments.

She is married to Mr Ed Lin, 49, partner and director of the Singapore office of Bain & Company, a global management consultancy.

The couple have no children.

“We wanted to do something meaningful that can last beyond a party,” she added.

Her friend Laurence Lien, chairman of the Community Foundation of Singapore (CFS), suggested she organise regular donations to charity under a common fund, which the foundation could help to run. “We liked the idea. It saves us the work and resources needed to set up a private foundation,” she said.

In early 2016, the Lin Foundation was set up under the umbrella of the CFS with a six-figure sum, she said.

The fund has given money to the Singapore Committee for UN Women, a non-profit organisation that promotes women’s empowerment and gender equality, of which Ms Liang-Lin is the president.

The committee supports the work of UN Women, the United Nations body that promotes gender equality and fights discrimination against women. The fund has also given money to the Singapore Management University, the Singapore Repertory Theatre and the Society for the Prevention of Cruelty to Animals.

These were causes that she picked when the fund was set up.

On more younger, wealthy people like her setting up charity funds, Ms Liang-Lin said: “Increasingly, people are realising that they don’t have to wait till they are older or richer to give back and make an impact.”
Read more.

Photo: The Straits Times

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The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly established by the Community Foundation of Singapore and the Agency for Integrated Care, with the aim of addressing social isolation among the elderly.

Senior Minister of State, Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How attended the event. He encouraged the elderly to stay physically and mentally well, as well as urging them to participate in community activities and enjoy their golden years together.

Learn more about FUN! Fund at https://www.cf.org.sg/fun-fund/.

 

The programme provides the children with a non-threatening platform to connect with peers and have positive conversations. In addition, it exposes them to different people who can assist to broaden their perspectives.

L.S., a volunteer with the Reading Odyssey programme @ Spooner Road

中心“常胜将军”胡锦盛:比赛限时反应要快

现年92岁的胡锦盛是最年长的参赛者。自2017年退休后,他几乎每天都到活跃乐龄中心报到,从此爱上了玩拉密,每次可玩上三个小时,在中心是“常胜将军”。

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Stories Of Impact

Leading youths-at-risk through a pandemic

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John Doe
group of friends talking at a bench

For charities working with youths-at-risk, engaging youths in positive activities, developing trusted relationships with social workers, and structured programmes are vital keys to success. Charities have traditionally relied heavily on face-to-face or group engagements to deliver these activities…

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Opinion

How to tackle homelessness in Singapore? Try some empathy for a start

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John Doe
A man sleeping on a bench in a subway station.

By Joyce Teo

Early last year, when a call for volunteers came for the first nationwide street count of the homeless in Singapore, I was probably one of the fastest to sign up.

As a grant-maker at the Community Foundation of Singapore, I often receive requests to fund research on social issues leading to the presentation of academic papers or journals. I find it hard to translate these into practical application towards solving critical social problems.

So I became a volunteer, partly to find out more on the state of homelessness in Singapore and partly, to figure out if philanthropy can play a role in making sense of research that enables us to do good in practice.

The study opened my eyes to a different side of Singapore. It drove home the point that the facts and statistics we read about the homeless from time to time are not mere digits but fellow persons in our shared space and humanity.

For the study, I had to cover downtown Singapore, thinking it would be an easy job as it did not seem that there would be many sleeping around buildings and shopping malls with security cameras.

But what was supposed to be a two-hour walk one night turned to five, due to the sheer number of people sleeping on the streets.

I could not keep up with having to type the individual description as required in the study and had to resort to grouping them in order to complete the area in time.

As indicated in the study, downtown Singapore is a hot zone with over 100 people found sleeping there.

Many were in work uniforms. In fact, they slept within close proximity to each other as if there’s safety in numbers.

These were the ones with the least comfort, usually with just a cap or towel covering their eyes.

Some, who are cleaners, even slept with their cleaning carts right in front of them as a guard for privacy.

The sheer number of people I found and the fact that most of them looked to be Singaporeans were a huge shock to me.

I wondered what led so many of them to sleep in the open instead of going home after work.

What is the impact of this on their health and mental well-being? Do they get to see their families and loved ones?

The results of the survey provide a clearer and better understanding of the definition of being homeless. It is more than home ownership, as some of the interviewees do own residential properties.

The results also provide some insights into the causes of homelessness here – unemployment, irregular work, low income and family relationship problems.

This is a good start. But more needs to be done.

The fact that half of those surveyed have been on the street for about five years shows that homelessness is a chronic and systemic issue that affect not only the 1,050 homeless people the study found, but also their families.

Homelessness today is no longer about begging or being a public nuisance. Many homeless people do have means of subsistence, however fragile.

Taking an enforcement approach towards homelessness will not address the deeper issues related to employment, income levels or family ties.

The homeless have a very real fear of the Destitute Persons Act and how it has been enforced.

They sleep in fear of losing their freedom. Under the Act, homeless people may be admitted into welfare homes as a last resort.

The Act defines a destitute person as one who is creating a nuisance due to begging, or who is found in a public place without means of subsistence or place of residence.

In practice, homeless people are usually persuaded to admit themselves voluntarily into the homes. But once admitted, they may not legally leave without permission.

This palpable fear can be clearly seen in one of the interviews I conducted with a homeless man.

Throughout the interview, he kept glancing around warily, as if someone would come and take him away despite my repeated assurance that I was a volunteer doing some research.

Once the interview ended, he immediately left and I felt quite regretful having robbed his sleeping place although I managed to score a data point for the research.

As part of the study questionnaire, we offered the homeless an opportunity for social workers to contact them for assistance if they are open to it. Perhaps not surprisingly, hardly anyone agreed, as they thought they would risk losing their ‘’freedom’’ if they did so.

Instead, the question most often asked when I approached them for requests to interview was – ‘Are you hock-lee-por eh lang?’ (Hokkien for social welfare department) and they would try to move away while asking.

How philanthropy can help

I hope that philanthropists can fund initiatives that help to change public perception of homelessness as well as more in-depth research that enables deeper understanding of the homeless issue.

The research could take an ethnographic approach similar to that taken by sociologist Teo You Yenn in her book “This is what inequality looks like’’.

In the book, she gave numerous case studies that demonstrated the different facets of inequality and poverty in a way that we can relate to. She also suggested that readers ask questions about poverty and how to overcome it in different ways, and to see themselves as part of the problems and potential solutions.

We need to better understand the different profiles of the homeless people, so as to appreciate their problems better and find different solutions for the different groups – those with employment, those without a home, those with broken family ties, and those who are senior and frail. We need to hear the voice of the rough sleepers themselves and co-create solutions with them. Not for them.

The homelessness issue in Singapore is complex and requires each of us to play our part if we want to resolve it.

For example, if you are a resident of a neighbourhood with a rough sleeper who is not a nuisance, you may want to think twice about calling the police. Instead, you could consider making an effort to speak to the person.

Empathy, rather than mere enforcement, is a good start to help identify root causes and solutions to the issue.

About the author

Joyce Teo is the Deputy CEO and Head of Philanthropy and Grants at the Community Foundation of Singapore, a non-profit organisation founded in 2008 to encourage and enable philanthropy in Singapore.

Source: TODAY

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The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly established by the Community Foundation of Singapore and the Agency for Integrated Care, with the aim of addressing social isolation among the elderly.

Senior Minister of State, Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How attended the event. He encouraged the elderly to stay physically and mentally well, as well as urging them to participate in community activities and enjoy their golden years together.

Learn more about FUN! Fund at https://www.cf.org.sg/fun-fund/.

 

The programme provides the children with a non-threatening platform to connect with peers and have positive conversations. In addition, it exposes them to different people who can assist to broaden their perspectives.

L.S., a volunteer with the Reading Odyssey programme @ Spooner Road

中心“常胜将军”胡锦盛:比赛限时反应要快

现年92岁的胡锦盛是最年长的参赛者。自2017年退休后,他几乎每天都到活跃乐龄中心报到,从此爱上了玩拉密,每次可玩上三个小时,在中心是“常胜将军”。

Picture of admin bluecube
admin bluecube

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Stories Of Impact

Make An Impact Beyond Your Lifetime

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John Doe
Francis Goh in a suit and tie

This article first appeared on CFS’s Legacy Giving Website. To find out more about Legacy Giving, please click here.

As a legal advisor on wills and trusts, I enjoy helping my clients make an impact beyond their lifetime. With legacy giving, one plans to make a gift to benefit future generations. It’s never too early to start planning, and it’s never too early to start giving.

Francis Goh encourages his clients to think of their Last Will and Testament as their love letter to the ones that they are leaving behind. “When a person realises that he or she is a beneficiary of your giving, it is that moment when that person whom you have chosen to bless feels the depth of your love and care,” says Francis, “If you choose to leave a gift to a charitable cause, it is also an expression of your concern for society.”

With nearly 30 years in active legal practice, Francis is currently a partner at Harry Elias Partnership. He heads both the firm’s Private Client Advisory and International Arbitration practices. In his work involving wills and trusts, he reveals, “I love helping people put their lives in order and to know that they have done their best to plan for those whom they leave behind.”

Apart from his legal work, Francis is also passionate about sharing his legal expertise with the wider public. A frequent speaker on subjects related to wills, probate, foundations and trusts, he also volunteers regularly with Law Society Pro Bono Services. 

Having advised individuals and business organisations on estate as well as business succession planning, Francis is an advocate for early and proper planning for those intending to make a legacy gift in their will. “Giving has to be part of an overall plan, taking into account the relative needs and your responsibilities,” remarks Francis, “Then the giving is meaningful. It becomes a joyous occasion and something to be remembered.”

These conversations will grow in importance, as more Singaporeans become mindful of their social responsibilities. “We’re seeing a generation in Singapore that has grown up in the good years. Many here have enjoyed a good life and they are now looking for purpose and meaning through sharing their wealth,” says Francis. 

Francis believes that “legal professionals have a big role to play in educating their clients about how they can leave a legacy and the impact that their gift can make beyond their lifetime.”

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